{
\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
\begin{tabular}{l*{10}{c}}
\hline\hline
                    &\multicolumn{1}{c}{(1)}         &\multicolumn{1}{c}{(2)}         &\multicolumn{1}{c}{(3)}         &\multicolumn{1}{c}{(4)}         &\multicolumn{1}{c}{(5)}         &\multicolumn{1}{c}{(6)}         &\multicolumn{1}{c}{(7)}         &\multicolumn{1}{c}{(8)}         &\multicolumn{1}{c}{(9)}         &\multicolumn{1}{c}{(10)}         \\
                    &Race \& inc.         & Segregation         &Race, inc., \& seg         &+ Interaction         &+ Loan controls         &+ Options (Main)         &   Northeast         &     Midwest         &       South         &        West         \\
                    &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         &        b/se         \\
\hline
& & & & & \\ 
 \emph{Borrower:} & & & & & \\ 
Black               &       1.519\sym{***}&                     &       1.599\sym{***}&       1.567\sym{***}&       1.217\sym{***}&       1.038\sym{*}  &       1.235\sym{***}&       1.233\sym{***}&       1.030         &       0.956\sym{*}  \\
                    &     (0.023)         &                     &     (0.024)         &     (0.024)         &     (0.019)         &     (0.017)         &     (0.040)         &     (0.026)         &     (0.016)         &     (0.019)         \\
Hispanic            &       1.979\sym{***}&                     &       2.063\sym{***}&       2.041\sym{***}&       1.652\sym{***}&       1.258\sym{***}&       1.380\sym{***}&       1.325\sym{***}&       1.319\sym{***}&       1.262\sym{***}\\
                    &     (0.021)         &                     &     (0.022)         &     (0.023)         &     (0.019)         &     (0.015)         &     (0.041)         &     (0.033)         &     (0.019)         &     (0.013)         \\
Other               &       1.310\sym{***}&                     &       1.349\sym{***}&       1.334\sym{***}&       1.301\sym{***}&       1.221\sym{***}&       1.217\sym{***}&       1.294\sym{***}&       1.325\sym{***}&       1.147\sym{***}\\
                    &     (0.023)         &                     &     (0.023)         &     (0.024)         &     (0.024)         &     (0.022)         &     (0.064)         &     (0.049)         &     (0.036)         &     (0.015)         \\
Income (\$10,000s)  &       0.978\sym{***}&                     &       0.981\sym{***}&       0.981\sym{***}&       0.999         &       1.001         &       0.989\sym{***}&       0.995\sym{**} &       1.000         &       1.004\sym{***}\\
                    &     (0.001)         &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.002)         &     (0.002)         &     (0.001)         &     (0.001)         \\
& & & & & \\ 
 \emph{Segregation:} & & & & & \\ 
Black               &                     &       0.985\sym{***}&       0.985\sym{***}&       0.985\sym{***}&       0.988\sym{***}&       0.988\sym{***}&       0.977\sym{***}&       0.986\sym{***}&       0.998         &       1.000         \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.002)         &     (0.001)         &     (0.001)         &     (0.001)         \\
Hispanic            &                     &       1.008\sym{***}&       1.003\sym{***}&       1.003\sym{***}&       1.008\sym{***}&       1.003\sym{***}&       1.016\sym{***}&       1.005\sym{***}&       0.988\sym{***}&       1.000         \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.002)         &     (0.001)         &     (0.001)         &     (0.001)         \\
Asian               &                     &       0.997\sym{***}&       0.999         &       0.999         &       1.000         &       1.012\sym{***}&       1.000         &       0.995\sym{*}  &       1.022\sym{***}&       1.002\sym{*}  \\
                    &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.001)         &     (0.003)         &     (0.002)         &     (0.001)         &     (0.001)         \\
& & & & & \\ 
 \emph{Race \& segregation interaction:} & & & & & \\ 
Black \& Black segregation&                     &                     &                     &       1.007\sym{***}&       1.007\sym{***}&       1.005\sym{***}&       1.004         &       1.002         &       0.997         &       0.998         \\
                    &                     &                     &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.004)         &     (0.002)         &     (0.002)         &     (0.002)         \\
Hispanic \& Black segregation&                     &                     &                     &       0.996\sym{***}&       0.995\sym{***}&       1.002\sym{*}  &       0.998         &       0.996         &       1.001         &       1.001         \\
                    &                     &                     &                     &     (0.001)         &     (0.001)         &     (0.001)         &     (0.003)         &     (0.002)         &     (0.002)         &     (0.001)         \\
Other \& Black segregation&                     &                     &                     &       0.997\sym{*}  &       0.995\sym{**} &       1.003\sym{*}  &       1.012         &       0.985\sym{***}&       1.008\sym{*}  &       1.002         \\
                    &                     &                     &                     &     (0.001)         &     (0.001)         &     (0.002)         &     (0.007)         &     (0.003)         &     (0.004)         &     (0.001)         \\
& & & & & \\ 
 \emph{Put (default) option:} & & & & & \\ 
Put option          &                     &                     &                     &                     &                     &       1.038\sym{***}&       1.055\sym{***}&       1.046\sym{***}&       1.033\sym{***}&       1.040\sym{***}\\
                    &                     &                     &                     &                     &                     &     (0.000)         &     (0.001)         &     (0.001)         &     (0.000)         &     (0.000)         \\
Put option$^2$      &                     &                     &                     &                     &                     &       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}\\
                    &                     &                     &                     &                     &                     &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         \\
& & & & & \\ 
 \emph{Call (prepay) option:} & & & & & \\ 
Call option         &                     &                     &                     &                     &                     &       1.015\sym{***}&       1.026\sym{***}&       1.019\sym{***}&       1.016\sym{***}&       1.012\sym{***}\\
                    &                     &                     &                     &                     &                     &     (0.000)         &     (0.001)         &     (0.000)         &     (0.000)         &     (0.000)         \\
Call option$^2$     &                     &                     &                     &                     &                     &       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}&       1.000\sym{***}\\
                    &                     &                     &                     &                     &                     &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         &     (0.000)         \\
\hline
Number of Observations&   7,927,358         &   7,927,358         &   7,927,358         &   7,927,358         &   7,927,358         &   7,927,358         &   2,955,494         &   2,715,450         &   6,282,241         &   7,848,442         \\
Number of Subjects  &     192,617         &     192,617         &     192,617         &     192,617         &     192,617         &     192,617         &      65,407         &      70,788         &     144,915         &     199,378         \\
Number of Failures (Foreclosure)&      50,874         &      50,874         &      50,874         &      50,874         &      50,874         &      50,874         &       8,755         &      21,065         &      35,711         &      62,607         \\
Number of Competing (Prepay)&      81,117         &      81,117         &      81,117         &      81,117         &      81,117         &      81,117         &      30,280         &      29,402         &      60,041         &      82,005         \\
\hspace{5mm}        &                     &                     &                     &                     &                     &                     &                     &                     &                     &                     \\
\emph{Control variables:}&                     &                     &                     &                     &                     &                     &                     &                     &                     &                     \\
Year of origination &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
Region              &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         N/A         &         N/A         &         N/A         &         N/A         \\
Race \& Income interaction&         Yes         &          No         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
Loan performance (LTV, ARM, etc.)&          No         &          No         &          No         &          No         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         &         Yes         \\
\hline\hline
\multicolumn{11}{l}{\footnotesize National models are run on a 20\% sample.  Regional models are run on a 50\% regional sample.}\\
\multicolumn{11}{l}{\footnotesize \sym{*} \(p<0.05\), \sym{**} \(p<0.01\), \sym{***} \(p<0.001\)}\\
\end{tabular}
}
